Simon lost $5,000 gambling this year on a trip to Las Vegas. In addition, he paid $2,000 to his broker for managing his $200,000 portfolio and $1,500 to his accountant for preparing his tax return. In addition, Simon incurred $2,500 in transportation costs commuting back and forth from his home to his employer’s office, which were not reimbursed. Calculate the amount of these expenses that Simon is able to deduct (assuming he itemizes his deductions).
Simon lost $5,000 gambling this year on a trip to Las Vegas. In addition, he paid...
Simon lost $5.550 gambling this year on a trip to Las Vegas. In addition, he paid $2.100 to his broker for managing his $210.000 portfolio, and $1,695 to his accountant for preparing his tax return. In addition, Simon incurred $3,270 in transportation costs commuting back and forth from his home to his employer's office, which were not reimbursed Calculate the amount of these expenses that Simon is able to deduct (assuming he itemizes his deductions) Deductible amount
Simon lost $3.000 gambling this year on a trip to Las Vegas. In addition, he paid $2.440 to his broker for managing his $244.000 portfolio, and $1,320 to his accountant for preparing his tax return. In addition, Simon incurred $3.440 in transportation costs commuting back and forth from his home to his employer's office, which were not reimbursed. Calculate the amount of these expenses that Simon is able to deduct (assuming he itemizes his deductions). Deductible amount
Gleim 6 Deductions from AGI [1] Which one of the following expenses does not qualify as a deductible medical expense? A. Cost of long-term care for a developmentally disabled person in a relative’s home. B. Special school for a deaf child to learn lip reading. C. Cost of elevator installed for individual who had heart bypass surgery (in excess of increase in value of individual’s home). D. Cost and care of guide dogs used by a blind person in his...
Comprehensive Income Tax Course: Module 1 4. Randy turned 16 last year and had his first summer job. Even though his parents are claiming him as a dependent he wants to file a return in order to get his refund. He receives his W-2 and decides he can do his own return using form 1040-EZ. Which of the following information is not found on a Form W-2? a) The taxpayer’s Social Security number b) The taxpayer’s wages, tips and other...